company 6546586 charity 1124014 · 2020-02-19 · company number 6546586 charity number 1124014 the...

Company number 6546586Charity number 1124014

The Make A Difference Trust

(Limited by Guarantee)

Report and Financial Statements

for the year ended 30 April 2018

Breckman 8, Company Ltd

Chartered Certified Accountants

49 South Molton StreetLondon W1K 5LH



Contents

Page

Reference and Administrative Details

Trustees' Report2-11

Independent Examiners' Report 12

Statement of Financial Activities (including Income and Expenditure Account) 13- 16

Balance Sheet17

Notes to the Financial Statements18-23



Reference and Administrative Details

ConstitutionThe charitable company is a private company limited by guarantee registered in EW - England and Wales,company number 6546586 incorporated under the Companies Act and its governing document is itsMemorandum and Articles of Association. The company is a registered charity, number 1124014.

Directors and trusteesThe directors of the charitable company (The Make A Difference Trust) are its trustees for the purpose ofcharity law and throughout this report are collectively referred to as the trustees.

Policies and procedures adopted for the induction and training of trustees are ongoing and incorporatedindirectly into the regular trustees meetings.

The trustees during the year and since the year end, were:

John Forni

Simon GriggPatrick Holzen

Danielle SoderkentMaggie Korde

Richard Le CocqChristian PankhurstFiona Tranter (Chair)

appointed 9 January 2018

SecretaryJohn Fomi

Executive ProducerDavid Pearson

Administration managerJeremy Ellis

Independent ExaminersBreckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.

BankersHSBC Bank pic, 16 King Street, Covent Garden, London WC2E 8JF.

SolicitorsCovington & Burling LLP, 265 Strand, Covent Garden, London WC2R 1BH.

Registered offfce and operation addressUnit 7, City Business Centre, Lower Road, London SE16 2XB.



Trustees' Report

The Trustees present their annual report together with the financial statements of the chanty for the year

ended 30 April 2018 which are also prepared to meet the requirements for a directors' report and accounts

for Companies Act purposes.

The reference and administrative details set out on page 1 forms part of this report. The financial statements

comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association,

and Accounting and Reporting by Chanties: Statement of Recommended Practice applicable to charities

prepanng their accounts m accordance with the Financial Reporting Standard applicable in the UK and

Republic of Ireland (FRS 102)

HISTORICAL BACKGROUND

While created in 2008 as a new entity, the history of The Make A Drfference Trust lies in the group of

volunteers who initially founded and worked to create West End Cares (Established in February 1990), and

more recently Theatrecares, under the aegis of Crusaid. In 2008, the decision was made to separate from

Cruseid and to establish a separately constituted structure to fulfil the revised wsion and mission determined

by that same group of volunteers.

PRINCIPAL ACTIVITY I PURPOSE

The Make A Difference Trust has been created to support and educate 'individuals in need' living wrth long-

term conditions who are in need of help during times of financial difficulty In particular, this activity looks to

support people working or who have worked wrthm the theatre and entertainment communrty, with a

particular focus on people living with HIV We also provide organisations working within the HIV sector with

grants.

STRUCTURE GOVERNANCE AND MANAGEMENT

The Make A Difference Trust is a company limited by guarantee (Company Registration Number 06546586)

and therefore has no share capital. The company was registered as a charity with the Charity Commission

on 12 May 2008 (Charity Number 1124014) and is based at Unit 7 City Business Centre, Lower Road,

London SE16 2XB, which is also the chanty's registered office.

Governin DocumentThe Make A Drfference Trust was incorporated on 27 March 2008 and is governed by its Memorandum and

Articles of Association. The governing body of The Trust is its board of trustees, who are also directors for

the purposes of company law.

Trustees who served during the year were:

John ForniRev Simon GriggPatrick HolzenMaggie KordeRichard Le CocqChristian PankhurstDanieile SoderkentFiona Tranter (Chair)


ILimited by Guarantee)

Trustees' Report

Board of Trustees The Make A Difference TrustThe Trust's governing board, which currently constitutes 8 trustees, meets at least six times a year to agreeMADT's overall policy and direction in all areas of its work. This includes determining Trust's missionstatement, charitable aims, objectives, fundraising assessment together with specific priorities in terms oftypes of grant and geographical locations in any given year. During the period under review the board wasexpanded to fill gaps in skills sets.

The day to day management of the charitable output during the period under review was managed by theChair, Melanic Tranter. During the year under review, an Executive Producer/General Manager, DavidPearson was appointed as a consultant to oversee all events and productions hosted by the charity withclear guidelines and Key Performance Indicators set for expanding our event portfolio and hence increasingour revenue accordingly. His contract started on 12 June 2017.

The Board of Trustees and support committee's give their time and expertise voluntarily and receive noremunerahon or any other emoluments from MADT.

StaffMr Jeremy Ellis was appointed as Office Administrator and commenced on 27 June 2016.

Mr David Pearson was appointed on a consultancy basis as Executive Producer and commenced on 12June 2017

llolunteersVolunteers continue to play a vital part in supporting the fundraising and charitable activities of The Trust. Inaddition to the Board of Trustees and various advice committees, the pool of volunteers is regularly calledupon to support office administration and fundraising activities.

Volunteers allow The Make A Difference Trust to extend the skills base available to it beyond that of its staffand Trustees.

During 2017-18, the Charity and its trading subsidiary have benefitted from the skills and contribution of over1,000 volunteers.

OBJECTIVES AND ACTIVITIES

Our values and charitable objectives are defined by the charity's belief that the entertainment industry and itssupporters should have a dedicated and targeted sexual health support charity to provide education,awareness, support, care and a public voice. We believe communities and individuals, when given the rightsupport, can change their own lives and in turn create a better civil society for all

~QI tThe overall objectives of the charitable trust, as defined in the mission and vision statements, are

MissionBuilding on a legacy of over 25 years of fundraising by the theatre industry, The Make A Difference Trustraises funds for HIV and AIDS prolects that build awareness and provide care, support and education in theUK and Sub Saharan Africa.



Trustees' Report

VisionA World in which people Irving with HIV and AIDS are treated with respect and can lead healthy lives.

A World where those who fundraise for us - namely the entertainment community - are supported when

faced with an HIV diagnosis and need guidance and support Irving with HIV.

The Make A Difference Trust's charitable objectives are:

To relieve sickness and poverty, and to preserve health, in particular, but without limitation, providing

assistance to those who suffer from Human Immune Deficiency Virus ('HIV), and Acquired Immune

Deficiency Syndrome ('AIDS' ).

The Trust aims:1. To be transparent and accountable.2 To be effective and responsive.3. To achieve a positive impact.4 To become a recognised fundraising, awareness and support service within the theatrical arts across

the UK.

5 To work in partnership with a wide range of stakeholders.

Activitiesln pursuing its objectives, the Trust's current activities fall in to three main areas,

1a.

1b.

Grant Making: The direct chantable activities consist of Grant making activity in the form of:

~ UK Projects tackling issues of care, support, education and awareness on a national

remit.~ International Projects tackling care, support, education and awareness with a

Southern Africa focus.

Seance Prowsion:~ Education and awareness projects in schools (Are you Positive?).

~ Peer to Peer Support - a new service offering one-to-one and group support for

people in the theatre industry living with HIV.

2 Fundraising and Communications activities.

3 Management and Governance activities.

STATEMENT OF PUBLIC BENEFIT

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity

Commission's guidance on public benefit, including the guidance 'public benefit running a charity (PB2)'

These have particularly been noted in the current research and internal assessment of the charities outputs

and whilst identifying the needs of its beneficiaries as a part of the onward growth of the charities work & its

community impact

The Make A Difference Trust continues to keep the need for positive impacts and greater public benefit at

the core of all its activities.



Trustees' Report

The Trust continued its task of assessing, reviewing and restructuring the actiwty and output of the charity.The Make A Difference Trust continues to gauge industry opinion about its services as well as to speak toHIV sector stakeholders to identify what its most appropriate response should be in the current environment,and to ensure continued full purchase and ownership from the community the charity looks to serve.

The Trust focused on its ACT NOWi Program that was developed and introduced in 2014.

The aim of the ACT NOWi Program is to provide targeted sexual health education and prevention strategieson a national scale to the growing entertainment industry The prolect provided the tools for prevention andHIV testing with onward social supports.

The period under review saw the continued development of "Are You Positwe?" prolect. Are You Positive?is an Education Through Theatre programme that explores young people's views on HIV and AIDS, raisingawareness of the disease and how to protect themselves from contracting it. The performance is aimed atyoung people aged 14 years and upwards and works with class sized groups. The 30 minute performance ofthe play; Are You Positive? is based on 3 true stones written by Professor Larry W Heimgartner andincorporates the latest Uk and International HIV statistics The new assessment tool was reviewed andshowed very positive results Following the January strategy meeting it was decided to offer the project toDrama Schools to better reflect our fundraising base.

In addition to the Are You Positive Project, we have partnered with Positively UK to introduce a PeerMentoiing programme (Peer to Peer) aimed at providing counselling and support to those people newlydiagnosed or living with HIV in the theatre community.

It is the intention of the charity to introduce self-testing kits to the theatre community and monitoring dunngthe next phase of the Act Now programme.

There was a marked increase in the grants made to our partners. The Trust has continued with itsdevelopment and delivery of educational and orphan care services internationally and once again this hasseen the highest growth rate for supporters to The Trust's work; young people from resource poorcommunities have been enabled to receive services including counseling, education, food security and sociallearning skills through The Trust's overseas support since 2008.

The Make A Difference Trust continues to be very proud of its placement in the entertainment industry andoverall in the voluntary sector. The board considers that part of the Trusts charitable output is bringingtogether the theatre community at events, whether as production members or audience members, to fulfil theneed of a shared and active community. This follows a desire expressed by our supporters within the theatrecommunity.

A further challenge has been to manage the exponential growth of the chanty in areas of brand, publicawareness and industry response to ensure a long-term program of enhanced social return on investmentfor the industry and our supporters.



Trustees' Report

ACHIEVEMENTS AND PERFORMANCE

The challenge of any organisation, which historically is known as a grant maker is to ensure that both those

who support its work and the community it looks to serve feel ownership and agreement with any changes in

process and output being made.

1. GRANT MAKING & SERVICE PROVISION

In line with the ethos of The Trust, it was decided to target the use of chantable funds in a way in which was

felt to make the greatest impact. For this reason, the decision was made to continue with grant making

program during the assessment and review period, and to direct funds towards the development and

implementation of the services outlined The priorities remained threefold: Need for HIV testing, Education 8,

Awareness, and practical supports.

UK GrantsThe Trust made four grants to UK partners during the reported period.

National Long Term Survivor Residential Weekends for 85,000

Group People Living With HIV

Children's HIV Association Freedom To Be f40, 000

(CHIVA)Crescent Support Group Extended Counselling Service f12,680

Waverly CareTOTAL UK Grants

Child and Fami~il Project f15,000f72,680

UK Services

ACT NOW! —Are You Positive? Program

Following the review of the script and HIV training for all actors involved in the project, a small tour was

launched. A new assessment tool was also trialed. A larger tour will take place in 2019 subject to board

review and approval A regular review will take place each year to ensure facts and statistics are up to date.

West End Cares Fund has been launched with the following initiatives:

~ Peer to Peer support service.~ Self-Testing Initiatwe Launch date planned for early 2019.

INTERNATIONAL Grants

We continued to support those in need in Sub-Saharan Afnca by granting to the following worthy charities:

UBUNTU After School Programme f20, 000

Helderberg Street People's Centre Orphan care and support f11,655

Sentebale Saturday Club and Residential f15,000Camps

TOTAL UK Grants f46,655



Trustees' Report

Monltorln and EvaluationIn line with best practice and following guidance set out by professional bodies such as AIDS Funders Forumand IOF, a proportionate percentage of time and costs are allocated to impact monitoring and evaluation ofprograms supported These form an internal report to educate and direct the trustees, as well as a feedbackto grantees to support their onward development.

2. FUNDRAISING AND COMMUNICATIONS

Like all charities and businesses, The Make A Difference Trust operates in a very challenging andcompetitive economic environment Because the trust raises a substantial amount of funds through theatricalevents it has found there has been little or no fall in income from these events.

The charity denves income from both donated and earned income sources. At its current stage ofdevelopment, and with limited resources, the Trust acknowledges that its streams of income are limited Themajority of its income is brought in through event delivery and community engagement projects, with theVVorld AIDS Day Bucket Appeal being the most significant 'non-event' income line.

It is the intention of the charity to continue to focus on event fundraising in light of charity fatigue andcompetition from other worthy causes for donations and funds.

FUNDRAISING

Donated Income

World Aids Da Bucket Collection ealThe largest single appeal by The Trust was its World AIDS Day Theatre Bucket Collections Appeal, whichraised 273,728 (2017: F85,378.00), a decrease of 14%, proving that there is a growing chanty fatigue forsimple giving.

The Trust continues to gratefully acknowledge the continued support of all Theatre Owners, TheatreManagement and Staff, Producers, Casts, Backstage Staff, Volunteers and Theatregoers for their generoussupport of this year's Appeal. The Trust continues to be mindful of, and deeply concerned about, that,although it was the original creator of the first Theatre Bucket Collections (through West End Cares andTheatrecares), that there are an ever increasing number of Theatre Bucket Collections taking place, and thishighlights the need to constantly assess and develop the way in which the Appeal engages its support and isdelivered

The Trust continues to be indebted to Broadway Cares / Egully Fights AIDS, for the support and advice thatTom Viola (Executive Director) and all the staff at Broadway Cares continue to provide to The Make ADifference Trust, its staff and supporters.

The Trust acknowledges the importance of 'community fundraising' as a vital tool in its fundraising porffofio.

The Make A Difference Trust will look to develop and grow its portfolio of donated income streams over thenext few years, and has identified the importance of schools and universities in this goal. As well as raisingfunds, these establishments are vital in the education and raising awareness about HIV & AIDS at grassroots level, with a particular focus on the development of fundraising income streams alongside the Are YouPositive7 Program.

The Nlake A Difference Trust


Trustees' Report

Earned IncomeThe earned income is generated as a result of the fundraising events produced by TheatreMAD brand. The

trust continues to concentrate on building & maintaining the profile of the TheatreMAD brand, before looking

to establish the other brands.

In 2017/18, the Trusts events raised F141,460 from fundraising events produced by TheatreMAD, including:

West End Sares and Stripathon (Sept. 2017) — f89,876 and A West End Christmas (Dec 2017) — 812,989.

Late Night Cabarets (throughout the year) - f3,452; A Mad Drag Night (Aug 2017) —f11,779 and the exciting

reintroduction of West End Eurowsion (Apnl 2018) —F72, 500

In addition to the funds raised from these events, they continue to play a vital role in building the profile of the

charity, and provide a plafform from which to communicate about the work that the Charity does in

educating, caring and supporting the community about HIV and AIDS This is an immeasurable benefit. The

events also continue to build the sense of community within our main support group.

The Trust gratefully acknowledges the invaluable in-kind support of its fundraising activities from a wide

range of individual & corporate supporters as well as a strong & growing team of dedicated volunteers.

COMMUNICATIONSThe Make A Difference Trust continues to look for ways to build up support and awareness of The Trust and

its fundraising family. This has been assisted in a large part due to an increase in the use of social

networking, including Facebook 8 Twitter, in addition to the newsletters and 'targeted advertising'. These

plafforms have greatly increased the charity's ability to inform supporters & donors about our fundraising

activities and the impact of our work.

The website has been redesigned and refocused to improve charitable awareness and social messaging in

to the promotion and delivery of events and other communications.



Trustees' Report

3. GOVERNANCE AND STRUCTURE

The current management structure is shown below:

BW,

FINANCIAL REVIEW INVESTMENT AND RESERVES POLICY

t tPllThe company currently has no investments.

R~PPIn order to ensure that sufficient funds are held at all times to enable the chanty to meet its commitments,and to take advantage of fundraising opportunities as a going concern, the Trustees have an oh)ective ofretaining an amount of general reserves equal to six months of the normal unrestncted expenditure of thechan1y plus an amount to permit the staging of a significant fundraising event.

Risk AssessmentThe management of risk is an integral part of the charity's operational management and a senes of systemsoperate to identify 8 mitigate risk. The Board of Trustees and Director's regularly review the nsks faced bythe charity.

P~ChtThe total support and governance expenditure in the year was f101,083 (2017: F88, 197), in line withbudgeted expenditure. The main reason for the increase of 812,886 in expenditure was due to the increasein professional fees, consultancy fees and staffing costs. This increase in costs was completely offset bythe successful reintroduction of West End Eurovision which generated a net profit of 839,747. A new eventis planned for 2018/2019 which will further offset this increase in costs.



Trustees' Report

All costs were reviewed during the penod under review and costs savings made where-ever possible

Costs on production were controlled with regular budget meetings held with the production and event teams

to promote transparency and awareness with a detailed review post event.

There were no exceptional or extraordinary expenses for the year.

Balance SheetThe Net Assets on the Balance Sheet are f167,891 (2017: 6162,707). These are represented in reserves

as general unrestricted funds

FUTURE PLANS AND ACTIVITIES

Over the next three years, the Theatre MAD Trust will focus on the following priorities.

Development of ACT Now: Are You Positive7 is to be offered to drama schools within the Greater

London area with the intention of extending it throughout the U. K.

Peer to Peer Support programme: rolled out during 2017 the programme will continue and be

monitored in the coming years.

Emergency and Disaster Response: August 2017 saw the soft launch of the emergency and

disaster response and our emergency support for members of the theatre community m dire need.

This project will continue for the foreseeable future and be monitored by the Trustees.

Community Events: We will look to share our event fund raising expenence knowledge and

resources with theatre community wishing to raise funds through an event Community has always

been the key to MAD. Under the TheatreMAD banner and with support from our office we can come

together as a community to make an event happen and make a difference to those in need.

Research: To research the need to develop support system for specific problems facing aging

members of the theatre community who are HIV positive.

Self-Testing Kits: Soft launch of self-testing kits for members of the theatre community is intended

for January 2019.

UK Partners: Continue to increase our working partnerships within the United Kingdom. We will

identify further HIV AIDS project to partner.

Sub-Saharan Africa Partners: Continue to work with our partners in Sub Saharan Africa to raise

awareness, provide education, care, support to those living with HIV and AIDS.

10



Trustees' Report

Small Company ExemptionsThis report is prepared in accordance with the provisions of the Companies Act 2006 relating to small

companies.

This report was approved by the Board of Trustees on 6 December 2018 and signed on its behalf by

Fiona Tranter (Chair)Trustee

11

Independent Examiner's Report to the Trusteesof The Make A Difference Trust

I report on the accounts of the charity for the year ended 30 April 2018, which are set out on pages 13 to 23

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible

for the preparation of the accounts. The trustees consider that an audit is not required for this year under

section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed The

chanty's gross income exceeded f250, 000 and I am qualified to undertake the examination by being a

qualified member of The Association of Chartered Certified Accountants

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for

independent examination, it is my responsibility to

examine the accounts under section 145 of the 2011 Act;

follow the procedures laid down in the general Directions given by the Charity Commission (under

section 145(5)(b) of the 2011 Act; and

state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission An

examination includes a review of the accounting records kept by the charity and a comparison of the

accounts presented with those records. It also includes consideration of any unusual items or disclosures in

the accounts, and seeking explanations from you as trustees concerning any such matters The procedures

undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion

is gwen as to whether the accounts present a "true and fair view" and the report is limited to those matters

set out in the statement below

Independent examiner's statement

In connection with my examination, no matter has come to my attention

1 which gives me reasonable cause to believe that in, any material respect, the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

to prepare accounts which accord with the accounting records, comply with the accounting

requirements of section 396 of the Companies Act 2006 and with the methods and principles of the

Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the

accounts to be reached

Kevin Beale FCCA

Breckman & Company Ltd

Chartered Certified Accountants

49 South Molton StreetLondon W1K 5LH

6 December 2018

12

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iILlmited by Guarantee)

Year ended 30 April 2018

Income from donations and legacies

2018E

2017E

DonationsDonations/Gift Aid 154,415

154,415

134,924

134,924

Income from charitable activities

Earned incomeMerchandise/programme/other sales

Ticket sales

5,202141,460

146,662

328

328

Income from other trading activities

Commercial trading operationsRaffle tickets

Chanty shopSponsorship

55452

7,464

7,971

145670

815

14




Expenditure on charitable activities

2018F

20176

Project costsGrants payableOther direct costs

Support and governance costs - page 16

119,33579, 173

198,508

101,083

299,591

79,370

79,370

88, 197

167,567

15




2018 2017

Support end governance costs

Supportcosts

Office overheadsRent/rates

InsurancePremises costs/cleaningDepreciation of fixtures/fittings/equipment

Administration costsSalary costsFeesStaff pension costsTravel/transport

Entertaining

Pnnting/postage/stationery

Office costsSubscriptions/licencesComputer/website

Sundries

Professional/financialBookkeepingLegal/professional

Bank charges

Governance costsAccountancy

21,9301,9941,1271,422

18,88836,668

20481

481314

2,477904

4,0141,261

5,40313

302

3,600

26,473

65,292

5,718

97,483

3,600

101,083

22,2932,038

870751

16,14721,778

97355468

3,7051,113

29111,537

432

2,52213

187

3,600

16



Balance Sheet30 April 2018

Notes2018 2017

Fixed assetsTangible assetsInvestments

2,63235,066

37,698

4,05435,053

39,107

Current assetsDebtorsCash at bank and in hand

LiabilitiesCreditors: amounts falling

due within one year

Net current assets

10 30,986106,677

137,663

11 (7,470)

130,193

9,204119,996

129,200

(5,600)

123,600

Total assets less currentliabilities 167,891 162,707

The funds of the charity:Unrestncted funds

Total charity funds

13 167,891

167,891

162,707

162 707

For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of

the Companies Act 2006 relating to small companies.Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in

accordance with section 476;. The directors acknowledge their responsibilities for complying with the requirements of the Act with respectto accounting records and the preparation of accounts.

These financial statements have been prepared in accordance vnth the prowsions of the Companies Act

2006 appli e to mpanies subject to the small companies regime.

The fi ncial stat ents were approved by the Board of Trustees on 6 December 2018 and signed on its

beh by

Pa ck HolzenTr stee

The notes on pages 18 to 23 form an integral part of these financial statements.

17



Notes to the Financial Statementsfor the year ended 30 April 2018

1. Accounting policies

1.1. Basis of preparing the financial statementsThe financial statements have been prepared in accordance with Accounting and Reporting by

Charities Statement of Recommended Practice applicable to chanties prepanng their accounts in

accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) —(Charities SORP (FRS 102)) and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102 Assets and liabilities areinitially recognised at historical cost or transaction value unless otherwise stated in the relevant

accounting policy notes.

1.2. Incoming resourcesAll incoming resources are included in the Statement of Financial Activities when:

—the charity is legally entitled to the funds- any performance conditions attached to the income have been met or are fully within the control of

the charity

—there is sufficient certainty that receipt of the income is considered probable—the amount can be rekably measured

- Donations and legaciesGrants/donations are recognised in incoming resources in the year in which they are receivable,

except as follows

— when donors specify that grants/donations given to the charity must be used in future accounting

periods, the income is deferred until those periods

—when donors impose conditions which have to be fulfilled before the charity becomes entitled to use

such income, the income is deferred and not included in incoming resources until the preconditions

for use are met.

- Charitable activitiesEarned income — income from sales and sundry other earned income is included in incoming

resources in the period in which the relevant activity takes place.

Project specific funding —when donors specify that donations and grants are for particular restricted

purposes, which do not amount to pre-conditions regarding entitlement, this income is included in

incoming resources of restricted funds when receivable.

- Investment incomeInterest on funds held on deposit is included when receivable and the amount can be measured

reliably by the charity, this is normally upon notification of the interest paid or payable by the Bank.

18




1.3. ExpenditureAll expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and

is recognised when

- there is a legal or constructive obligation to make a payment

- it is probable that settlement will be required—the amount of the obligation can be measured reliably

- Costs of raising fundsCosts incurred in attracting donations, and those incurred in trading activities that raise funds.

- Charitable activitiesGrants payable and other direct costs —costs incurred in productions and projects dunng the year

- Support costsThe administrative and overhead costs associated with running the office from which the company

operates as well as governance costs. Support costs are wholly attributable to production and project

costs.

- Governance costsCosts associated with the constitutional and statutory requirements of the charity.

1.4. Fund accountingFunds held by the charity are:— Unrestricted general funds - these are funds which can be used in accordance with the charitable

objects at the discretion of the trustees.

Further explanation of the nature and purpose of each fund is included in the notes to the financial

statements.

1.5. Tangible fixed assets and depreciationIndividual fixed assets costing F1,000 or more are capitalised at cost.Depreciation is provided at annual rates calculated to write off the cost less residual value of eachasset over its expected useful life, as follows:

Fixtures/fittings/equipment — 25/o /33/o straight line method

1.6. InvestmentsFixed asset investments are stated at cost less provision for diminution in value.

1.7. DebtorsTrade and other debtors are recognised at the settlement amount due after any trade discountoffered. Prepayments are valued at the amount prepaid after taking account of any trade discountsdue.

1.8. Cash at bank and in handCash at bank and in hand includes cash and short term highly liquid investments with a short maturity

of three months or less from the date of acquisition or opening of the deposit or similar account.

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1.9. Creditom and provisionsCreditors and provisions are recognised where the charity has a present obligation resulting from apast event that will probably result in the transfer of funds to a third party and the amount due to settle

the obligation can be measured or estimated reliably. Creditors and provisions are normally

recognised at their settlement amount after allowing for any trade discounts due

1.10. PensionsThe company operates a defined contribution scheme for the benefit of its employees Contributions

payable are recognised as expenditure when due.

1.11. FinanciallnstrumentsThe charity only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value, and

subsequently measured at their settlement value.

1.12. Significant Accounting Estimates and JudgementsIn determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of

the effects of uncertain future events on those assets and liabilities at the balance sheet date. Thechanty's estimates and assumptions are based on historical expenence and expectation of future

events and are reviewed annually.

2. Incoming resources

The total incoming resources for the year have been derived from the principal activity undertaken

wholly in the UK.

Net income/(expenditure) for the year is

stated after charging:

2018E

2017F

Depreciation of tangible fixed assetsIndependent examiners' remuneration—independent examination

1,422

3,600

751

3,600

4. Trustees' emoluments and reimbursed expenses

The trustees received no remuneration during the year: (2017 - Enil).

The aggregated amount reimbursed to trustees during the year was fnil (2017 - anil)

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5. Staff costs and numbers

Staff costsSalaries and wagesPension costs

2018

18,888204

20178

16,14797

19,092 16,244

No employee earned 660,000 or more during the year (2017 —nil)

The key management personnel of the charity comprise the Trustees and the Senior ManagementTeam. The total employee benefits of the key management personnel of the charity were 219,092(2017 —814,445).

Staff numbersThe average numbers of employees (including casual and part time staff) during the year was madeup as follows:

2018 2017Number Number

Support

Pension costs

The company operates a defined contribution pension scheme in respect of its employees Thescheme and its assets are held by independent managers. The pension charge representscontributions due from the company and amounted to 2204 (2017 —f97).

Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to itscharitable objects.

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8. Fixed assets - tangible assets Fixtureslfrttingsl

equipment

Cost1 May 2017/30 Apnl 2018

Depreciation1 May 2017Charge for year

30 April 2018

Net book values30 April 2018

30 April 2017

4, 805

7511,422

2, 173

2,632

4,054

Fixed Asset Investments

Shares in group undertaking —at cost E1.

The company owns 100% of the share capital of Make A Difference Enterprises Limited, which is

registered in EW —England and Wales, registered number 06315172.

The pnncipal activity of Make A Difference Enterprises Limited is events organising and fundraising.

The total capital and reserves at the balance sheet date were F(31,309), and the result for the yearended 30 April 2018 was f(1,351)

10. Debtors 20188

2017F

Trade debtorsOther debtorsPrepayments

5,77118,8036,412

30,986

3,7315,473

9,204




11. Creditors: amounts falling duewithin one year

2018E

2017E

Trade creditorsOther taxation/social security

Other creditorsAccruals

1,19536568

5,842

7,470

1,605285

973,613

5,600

12. Limited by guarantee

The company is limited by guarantee and does not have a share capital Each member gives aguarantee to contnbute a sum, not exceeding E1, to the company should it be wound up. At 30 April

2018 there were 8 members.

13. Unrestricted funds Broughtforward

E

Incomingresources

E

Outgoingresources

E

Carriedforward

E

General fund 162,707 309,054 (303,870) 167,891

14. Analysis of net assets between funds

Fund balances at 30 Apnl 2018are represented by:Tangible assetsInvestments

Net current assets

Generalfunds

E

2,63235,066

130,193

167,891

Total

2,63235,066

130,193

167,891

15. Related party transactions

Dunng the year the company had no related party transactions that required disclosure.

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company 6546586 charity 1124014 · 2020-02-19 · company number 6546586 charity number 1124014 the...

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